Occidental Petroleum Corp. [OXY] stock is trading at $68.34, down -0.97%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The OXY shares have lost -0.57% over the last week, with a monthly amount glided 9.20%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Occidental Petroleum Corp. [NYSE: OXY] stock has seen the most recent analyst activity on April 11, 2024, when Scotiabank upgraded its rating to a Sector Outperform but kept the price target unchanged to $90 for it. Previously, Barclays started tracking the stock with Equal Weight rating on April 10, 2024, and set its price target to $73. On April 08, 2024, HSBC Securities initiated with a Hold rating and assigned a price target of $65 on the stock. Mizuho downgraded its rating to a Neutral but stick to its price target of $63 on January 03, 2024. Morgan Stanley upgraded its rating to a Overweight but $68 remained the price target by the analyst firm on December 11, 2023. Wolfe Research downgraded its rating to Peer Perform for this stock on November 10, 2023. In a note dated June 30, 2023, Stephens initiated an Overweight rating and provided a target price of $72 on this stock.
Occidental Petroleum Corp. [OXY] stock has fluctuated between $55.12 and $71.18 over the past year. Currently, Wall Street analysts expect the stock to reach $63.19 within the next 12 months. Occidental Petroleum Corp. [NYSE: OXY] shares were valued at $68.34 at the most recent close of the market. An investor can expect a potential drop of -7.54% based on the average OXY price forecast.
Analyzing the OXY fundamentals
Occidental Petroleum Corp. [NYSE:OXY] reported sales of 28.33B for the trailing twelve months, which represents a drop of -11.70%. Gross Profit Margin for this corporation currently stands at 0.47% with Operating Profit Margin at 0.35%, Pretax Profit Margin comes in at 0.22%, and Net Profit Margin reading is 0.16%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.15 and Total Capital is 0.15. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.69.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 67.91 points at the first support level, and at 67.49 for the second support level. However, for the 1st resistance point, the stock is sitting at 69.10, and for the 2nd resistance point, it is at 69.87.
Ratios To Look Out For
For context, Occidental Petroleum Corp.’s Current Ratio is 0.92. Further, the Quick Ratio stands at 0.69, while the Cash Ratio is 0.16. Considering the valuation of this stock, the price to sales ratio is 2.14, the price to book ratio is 2.74 and price to earnings (TTM) ratio is 17.50.
Transactions by insiders
Recent insider trading involved BERKSHIRE HATHAWAY INC, 10% Owner, that happened on Feb 05 ’24 when 1.41 million shares were purchased. 10% Owner, BERKSHIRE HATHAWAY INC completed a deal on Feb 02 ’24 to buy 1.25 million shares. Meanwhile, 10% Owner BERKSHIRE HATHAWAY INC bought 1.65 million shares on Feb 01 ’24.
